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One bond has a coupon rate of 8.2%, another a coupon rate of 9.6%. Both bonds pay interest annually, have 13 -year maturities, and sell

image text in transcribed One bond has a coupon rate of 8.2%, another a coupon rate of 9.6%. Both bonds pay interest annually, have 13 -year maturities, and sell at a yield to maturity of 8.5%. a. If their yields to maturity next year are still 8.5%, what is the rate of return on each bond? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 1 decimal place. b. Does the higher-coupon bond give a higher rate of return over this period

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